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A contraction in demand is caused by an increase in Price and illustrated by a movement up the demand curve. A decrease in demand is caused by any non-price factor (e.g. advertising, tastes and preferences and price of substitute goods) and is illustrated by an inward shift in the demand curve.
A contraction in demand is caused by an increase in Price and illustrated by a movement up the demand curve. A decrease in demand is caused by any non-price factor (e.g. advertising, tastes and preferences and price of substitute goods) and is illustrated by an inward shift in the demand curve.
it affects because labor is the main factor of production so that is to say no labor no production at all
the determinats demand are prices and non price factor
Demand for a factor is the demand for a particular thing. Demand changes as per demand functions There are basically five demand functions as follows 1. Price 2. Income 3. Price Of substitute goods 4. Price of complementary goods 5. Taste & Preference
A contraction in demand is caused by an increase in Price and illustrated by a movement up the demand curve. A decrease in demand is caused by any non-price factor (e.g. advertising, tastes and preferences and price of substitute goods) and is illustrated by an inward shift in the demand curve.
A contraction in demand is caused by an increase in Price and illustrated by a movement up the demand curve. A decrease in demand is caused by any non-price factor (e.g. advertising, tastes and preferences and price of substitute goods) and is illustrated by an inward shift in the demand curve.
The vertical curves at crest is an important factor to be considered in design of summit curves.
it affects because labor is the main factor of production so that is to say no labor no production at all
maximum demand load can be calculated as: # maximum demand=demand factor * Connected load or by # maximum demand = connected load * Diversity Factor Note: Demand factor and diversity factor are NOT same
The main factor influencing production is consumer demand.
Fishing is a factor that affects aquatic life in the ocean. So is water pollution.
density-dependent factor
the determinats demand are prices and non price factor
density-dependent factor
bell curve
Demand for a factor is the demand for a particular thing. Demand changes as per demand functions There are basically five demand functions as follows 1. Price 2. Income 3. Price Of substitute goods 4. Price of complementary goods 5. Taste & Preference